Net Worth Update: $198,019.06 (So close!!!)

Other than that almost-sexy-feat though, nothing too spectacular about this month’s numbers. At least in comparison to previous months’ jumps.

I gotta remember to ENJOY this while we can, though. Cuz if I am truly considering working for myself one day soon (and I really am), then I’ll be lucky to break even every month! And will probably be blogging about how money is all of a sudden at the top of my mind again just like 4 years ago ;) Guess that’s the trade off right? Happiness & time over money? At least in the short term… I’ve gotta start playing the lottery again!

Net Worth break down: November, 2010

CASH SAVINGS (+$3,426.33): We love it when it’s green :) Most of this can be attributed to all our side hustles and the Mrs’ T.A. job she’s rockin’ in grad school. It also helps that we rarely go shopping anymore ;)

EMERGENCY FUND ($0.00): Still untouched after all these years! And to answer some of your questions – yup, it gains interest. I just don’t extract it out and show it since it’s mixed in with pots of other money we’re saving on to (In our money market account – for easy & fluid access)

ROTH IRAs(+$444.85): I’ve been maxed out in this department, and we’ve stopped contributing to the Mrs’ account (so I can reach my $50k “quit my job” goal sooner) so these increases are all due to the market. Love that :)

401(k)s(+$1,267.11): Same with this guy. All maxed out half-way through the year (I tend to go in extremes and upped my contribution percentage to 90% for a while!) so any fluctuations are because of the markets. Although truth be told I’m actually still waiting for some money that hasn’t hit my account yet! But can’t get into that right now… maybe for another day :(

AUTOS WORTH (kbb)(-$625): More than normal, but whatev – it’ll probably adjust and be in positive next month like it randomly does ;)

HOME VALUE (Realtor) ($0.00): Keeping it at the same $300k as our realtor set it at a while back. We think it’s still in the ballpark since our neighbor’s house had an offer of $297k not too long ago – even though they decided to not sell in the end.

CREDIT CARDS(-$339.05): I know, I know – we should have this paid off already ;) But I don’t care – I want that $50k fund filled up as fast as possible! Even if it makes no financial sense. It’s all about emotions at this stage, I ain’t afraid to admit it! (and plus – we knocked off way more than last month when we ADDED to it! yikes)

MORTGAGES (-$141.54): Doing great on this front. Been rounding both our mortgage payments up every month we can slowly knock some off w/out much pain :) It’s also easier to budget/remember. Might have to start doing this with other departments too… Here’s our remaining balances:

And we’re done! Another month, another increase. All part of the J. Money Handbook ;) But don’t worry, I’m sure we’ve got plenty of drops coming our way over the years… can’t enjoy the UPs without ’em, right? Hope you all had great success too! Feel free to let us know in the comments – we like peering into each others’ financial lives ;)

—————–PS: My personal budget has also been updated, and you can download it (and others) here.PPS: And so has my sidebars…

If you're not a spreadsheet guy like me and prefer something more automated (which is fine, whatever gets you to take action!), you can try your hand with a free Personal Capital account instead.

Personal Capital is a cool tool that connects with your bank & investment accounts to give you an automated way to track your net worth. You'll get a crystal clear picture of how your spending and investments affect your financial goals (early retirement?), and it's super easy to use.

Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!

That is amazing. There’s not too many people who even know what their net worth is. I think the economy would be a much better place if people did focus on increasing net worth. Have you ever considered a full inventory of your minor (Furniture, electronics, clothing etc.) purchases as well? I know that may be a lot of work but it might be interesting to find out what you have that’s still holding value and what is an expensive paperweight.

Another good month in the markets for yours truly as well, up 14% in November, up 61% for the year. Still working through some issues elsewhere, as I took over full control of the household finances just a month ago.

I need to get on a spreadsheet – I think I’m going to have to bust out some Excel skills though, I went through most of those and they’re not quite what I need – and I’m crazy so I don’t want my financial info at *any* internet service (or downloaded software that wasn’t made be me or a friend) if I can help it.

Great job! Your goal is sooooo close! You can do it!
And, you totally got me motivated to do this monthly in 2011. The last several years I have just kept a yearly update…but I’m ready for more immediate gratification with the monthly check in:)
Thanks!

Thanks guys!!! That’s what 3 years of hardcore paying attention does to ya ;) Well, that and a crap ton of hustlin’… it’s the reason I’m leaving this comment at 1 a.m.! Gotta get things done while everyone’s sleepin’, oh yeah…. (Oh yeah!!!! Cabs are here! (Jersey Shore, anyone?))

@Kevin – I agree – even if you just track this once a YEAR it would be good for people. You can easily gauge success (or not), and work on improving your situation. As for inventory’ing my stuff, oh yeah – most def. thought about it! And actually, I might even start it whenever I end up going full-time. But more so to see how many things I own so I can work on knocking it down (the whole minimalism thing) and keep just what’s truly important to me. In theory anyways. I *could* always come up with a number of how much I could probably sell a lot of it for – w/ like a 50% cut to be on safe side – but prob. wouldn’t put it in net worth. Some people do though.

@Michael Senchuk – Rock it dude! 61% is no joke. Congrats :)
@Karmella – Hey, we all got our own ways. As soon as you find one that works, stick to it!
@Doctor S – Haha…. for you, always.
@StackingCash – YAYYYY!! But it only counts if it’s there in 30 moredays ;)
@Trina – YES! do it. DO IT. do it.
@Ed – Hey, that’s why they call it “persona” finance. The great thing about having money saved up is it gives you options to do as you please with it ;) If you’re happy w/ the way it is, what’s wrong w/ that?
@Briana @ GBR – I know you will – got no doubts about it!
@Wow – Hmmm.. not sure what you mean exactly, but I keep all these numbers in my budget aka “financial snapshot” spreadsheet that you can download from the “my budget” link up there. I use Photoshop to make graphs pretty. You can see them all in my net worth category.
@Donna Freedman – Thank you? :)
@Matt – Max it out and let it ride, baby! Every now and then I get an urge, but usually I don’t have much time left to start investing all over again when I get in that mood ;) If I tracked stocks more and knew what I was doing, I’d probably trade at least a cple times a year.
@Techbud – Haha…. I should, and see what my Wife says about that.
@retirebyforty -Yeah, mortgage B-L-O-W-S. I’ll work on getting rid of it at some point. It’s the one and only thing that I have left to really fix. Bleh.

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I, J. Money, only claim the thoughts from my head. I am not a banker, CPA, money manager or anything else of that sort. Please seek a professional for any "real" advice. More info: privacy & disclosure page